Editing Basel (section)

=== Banking ===
Banking is important to Basel:
* [[UBS AG]] maintains central offices in Basel.<ref>"[https://apps2.ubs.com/locationfinder/search.do?GeoEntityId=29&GeoEntityType=6 UBS AG in Basel, Aeschenvorstadt 1]{{Dead link|date=June 2019 |bot=InternetArchiveBot |fix-attempted=yes }}." ([https://apps2.ubs.com/locationfinder/search.do?GeoEntityId=6592&GeoEntityType=7&EntityTypeId=0&Type=pdf PDF version]{{Dead link|date=August 2019 |bot=InternetArchiveBot |fix-attempted=yes }}) [[UBS AG]]. Retrieved on 2 July 2010. {{dead link|date=March 2021}}</ref>
* The [[Bank for International Settlements]] (BIS) is located within the city and is the central banker's bank.
:According to the BIS, "The choice of Switzerland for the seat of the BIS was a compromise by those countries that established the BIS: Belgium, France, Germany, Italy, Japan, the United Kingdom and the United States. When consensus could not be reached on locating the Bank in London, Brussels or Amsterdam, the choice fell on Switzerland. An independent, neutral country, Switzerland offered the BIS less exposure to undue influence from any of the major powers. Within Switzerland, Basel was chosen largely because of its location, with excellent railway connections in all directions, especially important at a time when most international travel was by train."<ref>{{cite web|url=http://www.bis.org/about/origins.htm|title=Origins|date=15 March 2005 |publisher=Bank for International Settlements|access-date=23 May 2010| archive-url= https://web.archive.org/web/20100609010907/http://www.bis.org/about/origins.htm| archive-date= 9 June 2010 | url-status=live}}</ref>
:Created in May 1930, the BIS is owned by its member [[central bank]]s. No agent of the Swiss public authorities may enter the premises without the express consent of the bank.<ref>{{Cite web|url=http://www.bis.org/about/headquart-en.pdf |archive-url=https://ghostarchive.org/archive/20221009/http://www.bis.org/about/headquart-en.pdf |archive-date=2022-10-09 |url-status=live|title=Agreement between the Swiss Federal Council and the Bank for International Settlements to determine the Bank's legal status in Switzerland}}</ref> The bank exercises supervision and police power over its premises. The BIS enjoys immunity from criminal and administrative jurisdiction.<ref>{{cite web|url=https://www.bis.org/about/basictexts-en.pdf|title=Basic Texts|publisher=[[Bank for International Settlements]]|access-date=24 June 2024}}</ref>
:The [[Basel Committee on Banking Supervision]] usually meets at the BIS premises in Basel. It produces recommendations such as the [[Basel Accord]]s ([[Basel I]], [[Basel II Accord|Basel II]] and [[Basel III]]), based on consensus among its members which are central banks and [[banking supervisor]]s.
* Basel also hosts the headquarters of the [[Global Infrastructure Basel Foundation]], which is active in the field of sustainable infrastructure (financing).